ZEC and XMR Explode Again in Double Digits as BTC Price Struggles Below $102,000: Weekend Watch

In contrast, ICP has dumped hard after the recent rally.

Most larger cap alts are also well in the red on a daily basis, with ETH falling below $3,400 and XRP falling below $2.30.

BTC back below $102K

It’s been an eventful and painful week for the primary cryptocurrency, which started off with a nosedive on Monday. At the time, the asset was rejected at $111,000 and driven south to about $104,000. After a brief recovery attempt, the bears intervened again on Tuesday and initiated another violent decline, this time with BTC falling below $100,000 for the first time since June.

The asset bottomed out (at least for now) at just under $99,000. On Wednesday, it bounced back and spiked to $104,000, where it was halted, and the subsequent retracement resulted in another drop to a five-figure price area.

The rebound attempt was similar when BTC spiked to $104,000 on Friday evening, but was unable to surpass that level and is now back below $102,000. The stock has fallen more than 8% in the past week and the market cap has fallen to $2.020 trillion on CG.

Its dominance over the altcoins has also been damaged over the past seven days and is well below 58% at the time of writing.

XMR, ZEC defy crypto correction

Most larger-cap alts have followed BTC heading south over the past 24 hours. Ethereum is back below $3,400, while XRP has lost the $2.30 support. More painful declines come from companies like DOGE, ADA, HYPE, LINK, XLM and SUI.

In contrast, the two largest privacy coins stole the show with double-digit gains. ZEC is up more than 11% daily to almost $600, while XMR has touched $420 after rising 13%.

ICP, the recent high-flyer, is down more than 12% daily, while TAO is down 6%.

The total cryptocurrency market cap has fallen by nearly $40 billion since yesterday to $3.510 trillion.